The billionaire, Tony Elumelu was captured rocking the Gucci Cotton Duke shirt with embroidery reportedly worth $1,150 as he attended his company’s meeting.

When converted to the local currency, the simple shirt costs a whopping sum of N415,000 approximately.

Tony Onyemaechi Elumelu, 54, is a Nigerian economist, entrepreneur, and philanthropist. He is the Chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation.

He has six children and he is reportedly worth $700 million as at March, 2015.